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☆ A key question as a true bitcoin ETF gets closer to reality: How much will it cost?
▼ + stars: | 2023-09-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Many crypto and asset management industry professionals now expect the first so-called spot bitcoin funds to launch in 2024 . The number of firms jockeying for a spot bitcoin ETF has already broken into double digits, and it's still growing. The largest bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO) , has an expense ratio of 0.95%. Valkyrie has a Bitcoin Strategy ETF (BTF) that holds futures and has also applied to launch a spot product. He pointed to a Roundhill Ether Futures ETF filing with a proposed 0.19% fee as a more realistic target.

Persons: Franklin Templeton, Steven McClurg, we're, else's, McClurg, Ric Edelman, Bryan Armour, Armour Organizations: Securities, Exchange Commission, BlackRock, Valkyrie Investments, Digital Assets, Financial Professionals, North America, Morningstar, Fidelity Locations: BlackRock, Invesco

☆ The state of return-to-office policies: a post-Labor Day reset?
▼ + stars: | 2023-09-04 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —Some big-name employers are signaling they will get tough on enforcing their return-to-office mandates after Labor Day. It’s hard to say whether such moves by well-known companies signal a broader trend of employers getting serious about enforcing RTO policies. Meanwhile, one study suggests the hours employees spend at work on the days they do go in may be changing. The state of enforcementFor all the various data and research that seeks to capture the reality and impact of hybrid work policies, it’s hard to find nationally representative, statistically significant samplings of HR executives detailing their organization’s return-to-office policies or enforcement strategies. For example, the HR team at Gartner, which helps clients design and implement workplace policies, did a live poll survey of 225 of its HR clients during a webinar on May 31.

Persons: Andy Jassy, unaddressed, haven’t, webinar, “ Organizations: New, New York CNN, Labor, Amazon, Meta, Business, Merck, Kastle, Kastle Systems, Survey, Instituto Tecnologico Autonomo, Stanford University, The University of Chicago, Gartner, ” Locations: New York, Kastle, Instituto Tecnologico Autonomo de Mexico

☆ Little used tax-free benefit can help employees pay their student loans
▼ + stars: | 2023-08-29 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

That $5,250 is the federal cap on the amount of tax-free money that employers may offer to help defray employees’ qualified costs for their own education, including tuition and fees. In response to the Society of Human Resource Management’s 2023 employer benefits survey, only 8% of organizations said they offer student loan benefits to employees, a percentage that hasn’t changed for five years. But lawmakers who advocated for tax-advantaged employer benefits to help with student loan payments are concerned there hasn’t been enough public awareness of it. That may be of particular interest now that the yearslong pause in payments on federal student loans is expiring. But for anyone who also has to pay off private student loans, the amount they shell out every month is likely much higher.

Persons: it’s, “, hasn’t, Danny Werfel, —, Katie Lobosco Organizations: New, New York CNN, Society of Human, IRS, Federal Locations: New York

☆ Blackstone's data center gamble
▼ + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.

Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas

Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ My company lost $450K because we didn't fire 5 wrong hires quickly enough. It's important to 'fire fast' — even though it's difficult.
▼ + stars: | 2023-08-22 | by ( Melissa Kwan | ) www.businessinsider.com time to read: +9 min

After spending too much time and money because I'd rather avoid tough conversations, I finally learned the importance of "firing fast." The concept of "hire slow, fire fast" has been popularized by startup culture, referring to the agility required to grow a company in a competitive environment. In our first two years, we made five wrong hires that ended up costing $450K because we didn't "fire fast." The most expensive thing about wrong hires is not money — it's time (and sadly sometimes friendships, as mentioned above). While not all costs can be avoided — because you don't know what you don't know — they can be mitigated by "firing fast."

Persons: Melissa Kwan, Kwan, It's, it's, I've, Dev, we'd, —, We've Organizations: Morning

☆ Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
▼ + stars: | 2023-08-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. "However, with current inventories hovering around only 55 days, the industry looks different than it did during the last UAW strike." The automaker said the strike cost it about $3.6 billion that year in earnings. He said the union has no plans to extend the current contracts to allow for bargaining to continue without a strike, which was previously common practice. AEG's estimates do not include UAW strike pay or assessments for strike pay, unemployment benefits or unemployment taxes, income taxes on wages and other potential effects such as settlement bonuses.

Persons: Sen, Bernie Sanders, Tyler Theile, hasn't, Patrick Anderson, Shawn Fain, Tom Narayan, GM's Organizations: United Auto Workers, General Motors, Hamtramck Assembly, DETROIT, Detroit's Big, UAW, Ford Motor, Anderson Economic Group, AEG, Consumer, Detroit automakers, GM, Automotive Press Association, Ford, RBC Capital Locations: Detroit, Hamtramck, Vermont, Michigan

Hawaii Army National Guard CH47 Chinook helicopters perform aerial water bucket drops on the island of Maui to assist with fight of wildfires in Maui, Hawaii, August 9, 2023. An out-of-control wildfire that began along a major Central Maui highway burns Thursday July 11, 2019, in Maui, Hawaii. “Especially when you have severe drought conditions like we have.”Despite these growing dangers, Hawaii state budgets for fire management have not kept pace with worsening conditions, according to the Hawaii Wildfire Management Organization, a nonprofit. Hawaii is hardly unique: As climate change is exacerbating natural disasters, state officials across the country are also struggling to respond to new threats. And it’s unclear how significantly additional preparedness and mitigation efforts could have reduced the destruction of a blaze with the intensity and speed of the Lahaina wildfire.

Persons: Pamela Brown’s, ”, Hurricane Dora, didn’t, Clay Trauernicht, Matthew Thayer, Abby Frazier, ” Nani Barretto, Gov, Sylvia Luke, “, Josh Stanbro, Josh Green, Frazier, ” “ Organizations: CNN, Hawaii Army National Guard, Hawaii National Guard, University of Hawaii, Hawaii Emergency Management Agency, Maui News, Clark University, Hawaii Wildfire Management Organization, ” Locations: Hawaii, ”, Maui, Lahaina, Maui County, Central Maui, Massachusetts

☆ Morning Bid: A sticky inflation situation
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +5 min

With a relentless set of rate hikes, the Federal Reserve has managed to drive consumer price increases down to 3%, from last June's 9.1%. The Atlanta Fed compiles an index of core sticky consumer prices - goods or services for which the cost changes far more slowly. Reuters GraphicsLine chart with data from the Bureau of Economic Analysis and Federal Reserve shows PCE inflation slowed to 3% year-on-year in June, while core PCE inflation also eased to 4.2%. Chart shows economists polled by Reuters expecting the U.S. consumer price index to have increased 0.2% in July 2023 from the previous month, the same pace as June 2023. * Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome remarks at a webinar, 1500 EDT/1900 GMT.

Persons: Brendan McDermid, Amanda Cooper, they're, Mary Daly, Raphael Bostic, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, American Automobile Association, Federal Reserve Bank, Cleveland, Atlanta Fed, Reuters Graphics, Reuters, Federal Reserve Bank of San Francisco, Yahoo Finance, Federal Reserve Bank of Atlanta, Thomson Locations: New York City, U.S, Manheim

"So why not be in a situation where you're just much more ready in case you...need to access this discount window?" An analysis of Fed data by Reuters, though, shows a lot still needs to be done to meet that goal. All told, about 3,800 banks borrowed from the discount window during the 11-year period detailed in the central bank data. The biggest banks also stepped up to borrow so as to reduce discount window stigma. Minneapolis Fed President Neel Kashkari said small banks should think of the discount window as a backup.

Persons: Brittany Hosea, Jerome Powell, I’ve, Lorie Logan, Banks, Goldman Sachs, Huberto Ennis, Michelle Bowman, Brad Tidwell, SVB, Austan Goolsbee, Richmond Fed's Ennis, Neel Kashkari, Ann Saphir, Michael S, Andrea Ricci Organizations: Bank, REUTERS, Federal Reserve, Reuters, Dallas, U.S, Fed, Reuters Graphics Reuters, Richmond Fed, National Credit Union Association, Chicago Fed, Federal Home Loan Bank, Minneapolis, Home Loan Bank, Thomson Locations: Santa Clara , California, U.S, Silicon, Washington, While California, Texas, Logan's, New Mexico, Louisiana, Henderson , Texas

Global Head of Fixed Income Group Sara Devereux said on Thursday the probability of another interest rate increase by the Fed this year stood at 50%. Beyond that, the U.S. central bank was likely to maintain a "hawkish hold" on rates. "We don't think they're going to cut rates anytime soon ... the Fed may have more work to do." Vanguard, which manages $8 trillion in assets, said its base case scenario remained for a shallow recession in 2024 as higher interest rates hit the economy. "The downside risk ... is the Fed overshoots and they drive us into a deeper recession."

Persons: Sara Devereux, Jerome Powell, Devereux, Davide Barbuscia, Matthew Lewis Organizations: YORK, Vanguard, Reserve, Thomson Locations: U.S, New York

☆ Inside the private-equity recruiting tornado that just hit — and why it may be turning some young bankers away from a career on the buyside
▼ + stars: | 2023-07-24 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +8 min

Private-equity recruiting for 2025 roles officially kicked off Friday, including at Apollo and TPG. Many of those bankers had barely started their current investment-banking jobs, and others were still in training sessions for them. As always, the firms were recruiting first-year investment banking analysts for jobs that won't start until 2025. Midnight interviews are not uncommon in private-equity recruiting, nor are "exploding offers," which demand that candidates make a decision before leaving the interview room to prevent them from shopping around. $300,000 offersOver the years, on-cycle recruiting has crept up on candidates earlier and earlier.

Persons: I'm, It's, Carlyle, Warburg Pincus, —, webinar, headhunting, Brian O'Callghan, O'Callaghan Organizations: Apollo, TPG, nab, General Atlantic, KKR, Permira, TPG Capital, Labor Locations: York

☆ Cathie Wood says her flagship innovation fund has completely exited China
▼ + stars: | 2023-07-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood said her flagship innovation fund has reduced its China exposure to zero as the developing market faces an economic slowdown. ARKK used to own shares in Chinese tech giant Tencent and property site KE Holdings . The innovation investor said she changed her stance on China after Beijing started to tighten its grip on the economy by cracking down the ultrawealthy and the tech sector. ARK Fintech Innovation ETF (ARKF) still owns a small stake in Chinese e-commerce company JD.com , but it has dumped other Chinese names like Pinduoduo and Tencent. Her flagship fund has had a banner year so far as her top holdings rebounded from sharp losses triggered by rising rates.

Persons: Cathie Wood, Tesla, Wood, ARKK, China's, she's Organizations: Ark, CNBC, New York Stock Exchange, Innovation, KE Locations: China, Beijing

When I was getting started with my business, I hired a business coach, and it was a great investment. My business coach helped identify ways I could grow my reach, find a niche, and make more money. Around that same time, I hired my first business coach — and it cost me $5,000. My business coach helped answer my questions in five ways. A business coach is trained to see your potential and all the opportunities that are right under your nose.

Organizations: Service, — Locations: Wall, Silicon

☆ Boats that follow orca-encounter protocol may escape unscathed — but if an orca's in a particular mood, all bets are off
▼ + stars: | 2023-07-05 | by ( Maiya Focht | ) www.businessinsider.com time to read: +3 min

Her team found that 63% of slightly damaged boats didn't follow protocol, compared with 36% that did. Roughly half of the damaged boats followed protocol, and the other half didn't. The protocol didn't seem to have an effect. "In very severe damage, when towing is required, we don't find significant evidence to follow or not follow our protocol," she said in the webinar. But the leading ideas are curious young orcas or defensive behavior by orcas that have been harmed before, González said in the webinar.

Persons: Mónica, González, Serge Melesean, there's, John Hargrove Organizations: Service, Orca Behavior, SeaWorld, Bloomberg Locations: Portuguese, Spain, Strait, Gibraltar, Mayotte, France

☆ Meet the family of orcas thought to be behind the recent boat encounters and attacks — White Gladis' pod
▼ + stars: | 2023-07-03 | by ( Rebecca Cohen | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

White Gladis, the orca believed to be behind recent boat encounters, has a family acting with her. Meet White Gladis' familyWhite Gladis is part of a 6-orca pod including herself, two siblings, two calves, and a mother. She gave birth to White Gladis in 2005, who is her oldest offspring, followed by Gladis Clara and Gladis Dalila. White Gladis went on to give birth to Gladis Filabres in 2015 and Gladis Tarik in 2021. Gladis Clara, White Gladis' sibling, is a male orca, but the sex is unknown for Gladis Dalila and White Gladis' two offspring.

Persons: White Gladis, White, —, Gladis Blanca, Gladis Clara, Gladis, Gladis Filabres, Gladis Tarik, Gladis Lamari, hasn't, Gladis Dalila, Black, Gladis Peque, Gladis Isa, Gladis Matteo, Gray Gladis, Mónica, Kenneth C, Gladis Olvera Organizations: Service, Orca, Guardian, for Whale Research, Orca Working Locations: Gibraltar, Strait, Gibraltar White, orcas, Southern, Iberian

☆ White Gladis, the killer whale who could be behind orcas attacking boats, was pregnant when she started the 'uprising'
▼ + stars: | 2023-06-28 | by ( Rebecca Cohen | Jessica Orwig | ) www.businessinsider.com time to read: +4 min

Scientists believe the orca White Gladis was pregnant when she started ramming into boats in 2020. White Gladis later gave birth to her calf in 2021, following a 16-18 month pregnancy. White Gladis is just one among many orcas in this apparent uprising. White Gladis first started ramming boats in the summer of 2020 and later gave birth to her calf in 2021, according to LiveScience. Many orca experts that Insider has spoken to maintain that White Gladis' behavior isn't rooted in trauma or revenge.

Persons: White Gladis, —, she's, Mónica González, Alfredo López Fernandez, LiveScience, Forbes, White, Renaud de Stephanis, Deborah Giles Organizations: Service, University of Aveiro, Orca Working, Orca, BBC Locations: Spain, Portugal

☆ I make 6 figures working 20-hour weeks as a freelance writer. Here's what my typical day looks like hour by hour.
▼ + stars: | 2023-06-27 | by ( Zulie Rane | ) www.businessinsider.com time to read: +13 min

Zulie Rane is a freelance writer who earns six figures a year while working around 20 hours a week. At the end of this article, you should have a solid idea of what it's like to be a freelance writer. 7:00 - 8:00 a.m: Start the day (for real this time)I start a day in the life of a freelance writer with an alarm. After all, it's not just a day in the life of a freelance writer — it's a day in the life of a freelance writer and her two cats. Hopefully this snapshot of my Mondays gives you a good idea of what it's like to be a freelance writer.

Persons: Zulie Rane, —, Astrid, dislodging, it's, Sally, — it's, Slack, I've, I'm, you've, there's, Here's Organizations: Service, Twitter Locations: Boston, Salem, Euronews, Spain

The world's third-largest aircraft maker after Airbus (AIR.PA) and Boeing (BA.N), Embraer bagged 13 fresh orders for commercial jets at the Paris Airshow, falling short of market estimates and previous years' levels. The 13 new orders compared with 74 secured at Le Bourget in 2019 and 28 in Farnborough last year. They also lagged some upbeat market forecasts, including expectations by JPMorgan analysts for at least 30 orders. In Paris, investors were especially disappointed by the lack of orders from the booming Indian airline market, which handled an all-time-high 500-plane transaction to Airbus and new orders to Boeing. "We believe that most of the pre-event excitement has already been adjusted in share prices," said XP Investimentos, while also rates Embraer a "buy."

Persons: Le Bourget, Gabriel Araujo, Conor Humphries, Leslie Adler Organizations: SAO PAULO, Embraer, EMBR3, Airbus, Boeing, Paris, Le, JPMorgan, American Airlines, Royal, Salam Air, Thomson Locations: China, Farnborough, U.S, Paris, Royal Jordanian, New York

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks are set to suffer 'profound' losses as valuations remain at historic extremes — and dismisses the current rally as a 'narrow an
▼ + stars: | 2023-06-24 | by ( William Edwards | ) www.businessinsider.com time to read: +8 min

It also doesn't offer a fair characterization of the entire S&P 500's performance. Hussman's preferred valuation measure is total market cap of non-financial stocks to total revenue of non-financial stocks. According to Bank of America, 80% of the S&P 500's returns over a 10-year period can be attributed to valuations. The red line in the chart below shows the gauge, while the blue is the S&P 500's price action. Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009.

Persons: John Hussman, Hussman, hasn't, Morgan Stanley, Mike Wilson, David Rosenberg, Solita, 18.5x, it's, Jeremy Grantham, Jeremy Siegel, Siegel, Michael Kantrowitz, Piper Sandler, Piper Sandler Kantrowitz Organizations: Hussman Investment Trust, Bank of America, Rosenberg Research, UBS, University of Pennsylvania, Housing

☆ Everyone wants to know when consumer demand is going to come back for real. Here's what FedEx execs are watching.
▼ + stars: | 2023-06-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.

Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans

☆ Flying the F-35 stealth fighter can leave pilots looking 'like they are 100 years old,' says test pilot
▼ + stars: | 2023-06-17 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

F-35 test pilots described how intense it is to fly the aircraft, The Jerusalem Post reported. "After some training, pilots come out looking like they are 100 years old," another test pilot said. Tony "Brick" Wilson, an F-35 test pilot for the American defense company who formerly served in the US Navy, described the "g-forces" — or gravitational force — must deal with when flying the hi-tech US fighter jets. Monessa "Siren" Balzhiser, another F-35 test pilot for the company, also addressed "g-forces" in the discussion. The F-16 has three separate screens and displays, with each screen tied to a specific sensor," she said, per The Jerusalem Post.

Persons: Lockheed Martin webinar, —, Lockheed Martin, Tony, Wilson, Balzhiser Organizations: Jerusalem Post, Lockheed, Service, US Navy, Aircraft, US Air Force, Russian, AIM Locations: Jerusalem, Russia, Ukraine

☆ Asia inflation has peaked, region's growth to overtake U.S. and Europe, Morgan Stanley says
▼ + stars: | 2023-06-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Citing reasons for his optimism, he said Asia is expected to deliver healthier growth rates while the West lags behind. Asia inflation 'not as intense'"We're definitely expecting growth in these two economies to be constrained by the fact that they have had this significant inflation problem," Ahya said in reference to the U.S. and Europe. The U.S. inflation rate has been holding well above the Fed's 2% annual target. Chetan Ahya Chief Asia Economist at Morgan StanleyChina's consumption 'on track'Another driver of Asia's growth is China's projected recovery in the second half of the year. "We're expecting China's recovery to broaden out in second half of this year," Ahya said.

Persons: Kazuhiro Nogi, Morgan Stanley, Chetan Ahya, Ahya, We're Organizations: Mount Fuji, Afp, Getty, Federal Reserve, Asia, Nurphoto, People's Bank of China Locations: U.S, Europe, Asia, India, Indonesia, Japan, Central, China, Jakarta

☆ How to land a job with Blackstone, Apollo, KRR, and other private equity titans
▼ + stars: | 2023-06-06 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.

Persons: —, bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ JPMorgan's commercial real estate chief lays out how Blackstone will help prevent an office market 'catastrophe'
▼ + stars: | 2023-06-05 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

Reports on the death of offices are "just wrong," JPMorgan's commercial real estate chief said. Office buildings are losing value as more people opt to work from home and companies need less space. No 'catastrophe' for the office market"You get the headline written that the office market is a catastrophe," Brooks said during a JPMorgan outlook webinar on June 1. In April, Blackstone announced the final close of its Blackstone Real Estate Partners X, the largest real estate fund ever raised, with $30.4 billion in capital commitments. Through its real estate investment trust, Blackstone has maintained some exposure to office buildings.

Persons: Blackstone, delinquencies, Alfred Brooks, Brooks, JLL, Manus Clancy, JPMorgan —, hasn't, They're Organizations: JPMorgan, Blackstone, Blackstone Real Estate Partners Locations: Brookfield, Blackstone, Los Angeles

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